Oracle Financial Data Quality Management Oracle Enterprise Data Quality

The Oracle corporation provided in July, 2011 a product line for quality management of master data of Oracle Enterprise Data Quality. It integrates solutions for data management on clients from Datanomic acquired company and for data management on the products Oracle Product Data Quality. According to Oracle, the product line will allow to give to customers ample opportunities on ensuring quality of data for any industry and type of basic data, including special opportunities for data on clients and data on products.

Oracle Enterprise Data Quality can be used both in system-independent quality management of data, and as the major integrated component of family of solutions of Oracle for data integration and management of basic data (MDM), says Oracle.

The software tools Oracle Enterprise Data Quality are already integrated with key MDM solutions of Oracle for sharing of relevant, reliable and high-quality matched data in heterogeneous environments. Besides, the products Oracle Enterprise Data Quality are integrated and certified on compatibility with Oracle Siebel CRM, Oracle Customer Hub (Siebel UCM), Oracle Product Hub and Oracle Data Integrator at the expense of what customers can take at once advantage of the integrated end-to-end quality management process of master data at the corporate level.

The solutions Oracle Enterprise Data Quality are developed on the basis of open standards and intended for support of the preconfigured opportunities of applications for ensuring quality of data, such as funds of check for compliance to bleklist and other types of requirements lists (Watch List compliance screening) which can be delivered to both Oracle, and partners.

The functionality of Oracle Watch List Screening uses possibilities of the Oracle Enterprise Data Quality platform for the solution of the most current problems which the companies in process of management of client data "Comprehensive idea of the client" (Know Your Customer, KYC) and "Expanded financial examination" (Enhanced Due Diligence, EDD) — for example face, when carrying out credit scoring.